According to a market report by Lucintel, the future of the lipstick market in the US looks promising with opportunities in the supermarkets/hypermarkets, department stores, drug store & pharmacies, health & beauty stores, and e-retail markets. The major drivers for this market are rising demand for lipsticks from working women and inclination toward e-commerce beauty websites.
In this market, lipstick cream, lipstick palette, lipstick pencil, lipstick tube/stick, and liquid lipstick are the major product types. Lipstick tube/stick is the largest segment due to its ease of use, handling, storing, and the most popular applicator type for lipsticks.
Age under 20, 20-30, 31-50, and over 50 are the major age groups. Lip sticks for 20-30 age group segment is expected to witness the highest growth over the forecast period due to the growing use of lipstick among young girls.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the lipstick market in the US by product type, age group, and distribution channel and has compiled a comprehensive research report titled “Growth Opportunities for the Lipstick Market in the US 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the lipstick market in the US by product type, age group, and distribution type as follows:
By Product Type [$ Million Shipment Analysis from 2015 to 2026]:
Translucent Stick
Lipstick Cream
Lipstick Palette
Lipstick Pencil
Lipstick Tube/Stick
Liquid Lipstick
By Age Group [$ Million Shipment Analysis from 2015 to 2026]:
Under 20
20-30
31-50
Over 50
By Distribution Channel [$ Million Shipment Analysis from 2015 to 2026]:
Supermarkets/Hypermarkets
Department Stores
Drug Store & Pharmacies
Health & Beauty Stores
E-retailers
Others
This more than 50-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link www.lucintel.com/United-States/opportunities-for-the-lipstick.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.